Current:Home > ContactThe Daily Money: Inflation is still a thing -Momentum Wealth Path
The Daily Money: Inflation is still a thing
View
Date:2025-04-14 13:54:40
Good morning! It’s Daniel de Visé with your Daily Money.
Inflation is still a thing.
Prices were 2.6% higher in October than a year earlier, according to the latest Consumer Price Index, released Wednesday. That's a much lower inflation rate than American consumers endured through most of 2022 and 2023, but it's higher than the inflation rate for September.
Lingering inflation illustrates that the nation's inflation crisis is not over, economists said, and that the Federal Reserve's battle against rising prices must rage on.
Can't afford a home? Consider a 'house hack.'
When Joe Christiano’s sister decided to move in with her partner, Christiano wanted to help. In the Bay Area, where they live, both rentals and purchases are prohibitively expensive – at one point, the two women were looking at houses in the $800,000 range that had structural defects.
The search was dragging on when Christiano heard from an old high school friend. The high school buddy had launched a startup called Nestment, which helps priced-out would-be buyers achieve homeownership in unconventional ways.
📰 More stories you shouldn't miss 📰
- Making home improvements? Start with the roof.
- 'Underbanked' households more likely to own crypto
- Vegas Sphere reports declining revenues
- Did gunfire hit a plane?
- What's the deal with airplane bathrooms?
- Best investments for a Roth IRA
📰 A great read 📰
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!
If you’re expecting a life-changing windfall when your boomer parents die, take heed: Only one-fifth of the “Me” generation expect to leave an inheritance.
A recent study from Northwestern Mutual, the financial services company, finds a yawning gap between how many young Americans expect to reap an inheritance and how many older Americans plan to leave one.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.
veryGood! (635)
Related
- The company planning a successor to Concorde makes its first supersonic test
- Blake Lively Shares Chic Swimsuit Pics From Vacation With Ryan Reynolds and Family
- How 2021's floods and heat waves are signs of what's to come
- Zelenskyy visits Snake Island to mark 500 days of war, as Russian rockets kill at least 8 in eastern Ukraine
- In ‘Nickel Boys,’ striving for a new way to see
- Clean up your mess, young activists tell leaders at COP26 climate summit
- Israel's energy minister couldn't enter COP26 because of wheelchair inaccessibility
- Intense monsoon rains lash Pakistan, with flooding and landslides blamed for at least 50 deaths
- Average rate on 30
- Today's Bobbie Thomas Details First Date Over 2 Years After Husband Michael Marion's Death
Ranking
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Virginia officials defend response to snowy gridlock on I-95
- Russia hints at contacts in progress with U.S. on potential prisoner swap
- Fighting Fires and Family Secrets
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Biden says he worries that cutting oil production too fast will hurt working people
- Stranger Things Is Expanding With a New Animated Series on Netflix: Get the Details
- The MixtapE! Presents Jonas Brothers, Noah Cyrus, NCT's MARK and More New Music Musts
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Two Sides Of Guyana: A Green Champion And An Oil Producer
Why Khloe Kardashian Hasn't Revealed the Name of Her and Tristan Thompson's Baby Boy Just Yet
Who pays for climate change?
Biden administration makes final diplomatic push for stability across a turbulent Mideast
Stranger Things Is Expanding With a New Animated Series on Netflix: Get the Details
The White House wants a robust electric vehicle charging network. Here's the plan
You'll Flip Over Cheer's Navarro College Winning the 2023 National Championships